Saudi's bus transport project by SAPTCO operational in Q2 2020
SAPTCO subsidiary Public Transportation Company notified about announcement made by Royal Commission of Riyadh CIty
Tadawul-listed Saudi Public Transport Company (SAPTCO) has said that its King Abdulaziz bus transport project will be operational from Q2 2020, according to the specifications of the Royal Commission for Riyadh City.
In a stock market missive, SAPTCO said that it was notified by Public Transportation Company, in which it owns an 80% stake, about the announcement.
The company said in the Arabic-language filing that it was “difficult to determine the costs associated with the project”, since it has been coordinating with the related authorities to study the necessary action plans in accordance to how costs will be determined.
According to information published on Royal Commission for Riyadh City's website, the project is a part of the the public transport project in Riyadh, which also includes the Riyadh Metro.